The authors are grateful for the comments of the editor and two anonymous referees.
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MEGA-EVENTS AND SECTORAL EMPLOYMENT: THE CASE OF THE 1996 OLYMPIC GAMES
Article first published online: 3 JUL 2012
DOI: 10.1111/j.1465-7287.2012.00327.x
© 2012 Western Economic Association International
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How to Cite
FEDDERSEN, A. and MAENNIG, W. (2013), MEGA-EVENTS AND SECTORAL EMPLOYMENT: THE CASE OF THE 1996 OLYMPIC GAMES. Contemporary Economic Policy, 31: 580–603. doi: 10.1111/j.1465-7287.2012.00327.x
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The authors are grateful for the comments of the editor and two anonymous referees.
Publication History
- Issue published online: 5 MAY 2013
- Article first published online: 3 JUL 2012
- Abstract
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- Cited By
Using the data of the 1996 Olympic Games, this paper analyzes the economic impact of a mega-sporting event. Earlier studies are extended in several ways. First, monthly rather than quarterly data are employed. Second, the impact is analyzed for 16 different sectors. Third, we use a nonparametric approach to flexibly isolate employment effects. Hardly any evidence for a persistent shift in the aftermath of or the preparation for the Olympic Games is supported. We find significant positive employment effects exclusively during the Olympic Games. These short-term effects are concentrated in the sectors of “retail trade,”“accommodation and food services,” and “arts, entertainment, and recreation.” (JEL H54, R12, L83)